#Futures – Got excited and had to share. Took 19 points out of the NQ futures in my first live money try using the Theo Trade strategy. Just played the tiny bounce off 7100…
If I can generate enough cash with some rolls this week, I might start nibbling on SPY IC or at least one sided credit spreads. Would be a shame not to at least collect a few $ with the premiums being higher than they have been in a long time.
Sold LMT pre-ER long calls @ 94% loss and BWB for 38% loss. Still holding double calendar thru earnings to reduce losses.
#Earnings Sold to Open $BIIB Oct 26th 285/350 strangle for 3.35. Filled on 1, have another 1 pending. Strikes are just outside expected move when I posted the analysis earlier. However, IV has dropped intraday and now expected move is 296 to 343, which is the same as the MAX moves over last 12 quarters.
I’ll likely sell a third later in the day, but 3 is my max at this high of a stock price.